BEIJING -- China's artificial intelligence (AI) related industries will be valued at more than 10 trillion yuan ($1.45 trillion) by the end of the 15th Five-Year Plan period (2026-30), Zheng Shanjie, head of the National Development and Reform Commission, said Friday.

The country will continue to advance its "AI Plus" initiative during the period, he told a press conference on the sidelines of the fourth session of the 14th National People's Congress.

The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.